§ Now I desire to turn to the general field of the Inland Revenue. In addition to the legislation needed to give effect to certain proposals which I will mention in a moment, the Finance Bill will contain other proposals which are a legacy from the first Finance Bill of this year; and the Resolutions which I shall table have been framed accordingly. Some of these are important. For example, one relates to the Legislation necessary to ratify the Double Taxation Agreement, which has been made between this country and the United States.
§ I will now, if I may, reveal to the Committee a number of changes which I propose to make in the Income Tax and in the Surtax. None of these, however, will take effect before the next Financial year, and for this reason I must mention here a point of procedure.